Key takeaways:
Institutional investor demand and corporate adoption may push Bitcoin higher despite recession fears.
Investors’ belief that the US Federal Reserve will hold rates favors Bitcoin price upside.
Stock markets around the world responded positively to the temporary suspension of import tariffs between the United States and the European Union, with the S&P 500 rising 1.5% on May 27. However, concerns over a global economic recession persist, capping Bitcoin’s (BTC) upside, especially since the baseline US import rates have been raised for most regions.
Bitcoin remains antifragile and poised to outperform in uncertain times
Given the growing investor uncertainty about economic conditions, Bitcoin hovering around the $110,000 level has taken investors by surprise as it consolidates the top-6 position as a global tradable asset by market capitalization. Investors now ask whether Bitcoin is becoming antifragile or if a drop below $100,000 is inevitable in a recessionary environment.
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